SENIOR CITIZENS HOUSING DEV CORPORATION OF STONINGTON (EIN 061353568) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

SENIOR CITIZENS HOUSING DEV CORPORATION OF STONINGTON, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,022,553

Investment Income $3,479

Other Revenue $759

TOTAL REVENUE $1,026,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,874

Fundraising Expenses $0

Program Expenses $746,994

Other Expenses $818,542

TOTAL EXPENSES $1,214,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,026,791	$1,016,620	+0.0%
Expenses	$1,214,416	$1,115,834	+0.1%
Net Income	$-187,625	$-99,214	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$521,004

Total Directors

$26,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE PRESIDE	0.70	Officer	$0	$75,384	$521,004
N/A	DIRECTOR	0.50	Director	$0	$0	$26,541
N/A	PRESIDENT	0.50	Officer Director	$0	$0	$0
N/A	TREASURER	0.40	Officer Director	$0	$0	$0
CYNTHIA GARDINER	DIRECTOR	0.10	Director	$0	$0	$0
N/A	SECRETARY	0.30	Officer Director	$0	$0	$0
N/A	DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER YOUNG	DIRECTOR	0.10	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,026,791	$1,214,416	$2,769,124	$-187,625
2023	$1,016,620	$1,115,834	$2,893,093	$-99,214
2022	$911,599	$1,098,206	$3,007,544	$-186,607
2021	$868,051	$985,641	$3,189,974	$-117,590
2020	$854,582	$1,007,022	$3,281,815	$-152,440
2019	$879,720	$999,127	$3,426,831	$-119,407
2018	$858,273	$954,957	$3,513,113	$-96,684

SENIOR CITIZENS HOUSING DEV CORPORATION OF STONINGTON